Company registrations on the rise in Oldham

Share Article

Company formations rose during the first six months of the year in Oldham, according to data released in the latest Duport Business Confidence Report.

There are plans for a high speed tram link in Oldham

The rise in company formations should help strengthen the economy as new business grows and develops.

UK (PRWEB UK)31 October 2012

Oldham: Oldham saw a rise in company registrations during the first half of the year. There were 526 company registrations between January and June, representing a 7% rise on the same period in 2011. The month of May was particularly successful, with 91 company formations - more than any May on record for the town. Further statistics on company formation are available in the full Duport Business Confidence Report at http://www.duport.co.uk/oldham.

Historically, Oldham was dependant on the manufacturing industry, especially textiles and mechanical engineering. However, the de-industrialisation of the area has led to growth in publishing, healthcare and food processing industries.

Oldham is currently undergoing a period of regeneration, with plans for 700 new homes, several new health centres and a high speed tram line with links to Manchester. The old Town Hall also forms part of the regeneration scheme, with plans in the pipeline to transform the Grade II listed building into a leisure complex with retail outlets, restaurants and a multi-screen cinema.

Managing Director of Duport.co.uk, Peter Valaitis said:

“The investment that is going into the regeneration of Oldham is clearly making a big difference to the town and attracting more business start-ups to the area.”

“The rise in company formations should help strengthen the economy as new business grows and develops.”

Duport Business Confidence Reports are published quarterly for every area of the UK. The report for Oldham gives an economic overview of the city, providing data on everything from company closures to average director age.

Duport Business Confidence Reports are generated and released by Duport Associates Ltd. The data contained in these reports is assimilated and analysed by Duport using public record data from sources including Companies House, Office for National Statistics and Ordnance Survey. Duport Associates Ltd is a leading UK company formation agent, established in 1997 and registering around 10,000 new companies each year through its Companies House approved software.